224 116th Street S Tacoma, WA $ 495,000
224 116th Street S
$ 495,000
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224 116th Street S

Tacoma, WA, 98444
$ 495,000
Baths0.0 Sq 2,098

Monthly Estimate*

$ 3,048

Listed by Suburban Realty, Inc.
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Studio

Multi-Family Home for sale in Tacoma, WA

for $495,000. This 2,098 square foot home was built in 1941 on a lot size of 0.3214.

One of a kind triplex opportunity in Parkland! Single family home and Duplex on one lot. First time on the market in DECADES! 2 vacant units, please do not disturb tenant in 218 unit. Oversize lot with ADU possiblity! Underlying lots could possibly be segregated, buyer to verify. 2 units are more recently updated, newer roof on both structures and exterior paint on 224 unit. Duplex units are 2 bed one bath units with one car garage and a shared laundry room. House is one bed 3/4 bath unit with one car garage. Fenced backyards. Property sold in as-is condition only. Make this property shine again!

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Multi-Family Active

Price

$ 495,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,500

Style

Tri-plex

Lot Size

0.3214

Year Built

1941

Town/City

Tacoma

County/Region

Pierce

MLS | Web ID

2466595

Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 3
Security Features Partially Fenced
Year Built 1941
View Ocean Territorial
Property Subtype Multi Family
Tax Year 2025
County Pierce
Net Operating Income 42920
Insurance Expense 1520
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Parkland
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions Driving south on Pacific Ave turn right onto 116th ST property on left
High School Wash High
City Tacoma
Senior Community Y/N N
High School District Franklin Pierce
Zoning Description Multi-Family
Open Parking Spaces 3
Number Of Units Total 3
MLS Area 69 - Parkland
Lot Size Units Square Feet
Lot Size Square Feet 14000
Carport Spaces 0
Carport Y/N N
Listing Terms Conventional Farm Home Loan Rehab Loan
Elementary School James Sales Elem
Tax Annual Amount 6500
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Morris Ford Mid
Property Condition Fair
Public Remarks One of a kind triplex opportunity in Parkland! Single family home and Duplex on one lot. First time on the market in DECADES! 2 vacant units please do not disturb tenant in 218 unit. Oversize lot wi
Leasable Area 2098
Structure Type Triplex
Building Area Units Square Feet
Standard Status Active
Water Company Parkland
Units Below Grade false
Units In Building Total 3
Water Sewer Garbage 1500
Property Style 53 - Tri-plex
Cap Rate 8.7
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Exterior
Exterior Amenities Brick
Foundation Details Poured Concrete
Building Area Total 2098
Lot Size Acres 0.3214
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Fenced-Partially Outbuildings Patio
Parking Uncovered Total 3
Parking Uncovered Spaces 3
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Interior
Flooring Hardwood Vinyl Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2466595
Street Number 1 224
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* Excluded Features
List By
Kirsten Stewart

Listing Agent

Suburban Realty, Inc.

Broker

Affordability Calculator

$3,589
Per Month
85%
15%
0%
Monthly Principal & Interest
$3,048
Monthly Property Taxes
$542
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4565735 Elementary School
257106 Middle School
Wash High High School
Pricing History
DatePricePrice ChangeDescription
1/16/2026$495,000 Listed Price

Map


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224 116th Street S, Tacoma, WA, 98444 is a Multi-Family Home for sale at $495,000 with 2,098 sqft and a lot size of 0.3214. 224 116th Street S is a studio with 0.0 baths and was built in 1941. The property's zip code is 98444 which is in Tacoma, WA